The government is making a big push for electric vehicles. The growth forecast is high and the policy is clear. However, the uptake will depend on the ability of the state governments to create charging infrastructure. The policy field was cleared last year. The ministry of power clarified in Apr 2018 that charging stations do […]

The Asian Development Bank (ADB) has announced that it will invest $50 million in Indian renewable energy independent power producer Avaada Energy Private Limited. Avaada aims to use the capital to expand its solar energy generation capacity in India. The ADB and Avaada entered into an agreement which was signed by the chairman of the […]

Recognized as one the leading mining nations in the world Polish government has prepared ‘West Bengal Project’ that was discussed recently during Bengal Global Business Summit. Poland was partner country of the summit for a third time in a row. Poland looks for collaboration with both PSUs and the biggest private players. During a recent […]

India’s SpiceJet Ltd could benefit from cash-strapped Jet Airways being forced to ground planes, and the low-cost carrier is in talks with lessors to lease some of those aircraft, a person with direct knowledge of the matter told Reuters. Shares of SpiceJet rose as much as 7.2 percent on Wednesday in their biggest percentage gain […]

Indian companies are welcome to participate in Indonesia’s infrastructure projects, particularly in the Aceh province, as the island nation makes development a priority, a senior minister has said. Addressing a gathering of chief executives of the Indian companies at the 2nd India-Indonesia Infrastructure Forum (IIIF) in Jakarta, country’s Coordinating Minister of Maritime Affairs Luhut Binsar […]

India’s Adani Enterprises on Friday urged the government of Australia’s Queensland state to approve a management plan that would allow construction to start at its controversial Carmichael coal mine.

Adani, which has shrunk its initial plans for the thermal coal mine to around a quarter of its original size, said last month that it would fund the mine and rail project itself after failing to secure other finance.

Adani Mining Chief Executive Officer Lucas Dow called on the Queensland government to provide certainty as to the process and timing for getting the outstanding management plans finalised so construction of the mine could get underway, he said in a statement.

“We have worked tirelessly over the last 18 months to accommodate the State Government’s requirements and feedback within the pending management plans only to be told at the eleventh hour that (it) is not ready to endorse these plans,” Dow said.

Adani and Queensland Minister for Environment Leeanne Enoch met to discuss the project on Friday, Enoch said in a separate statement after the meeting.

Adani shrank the Carmichael plans early last year to make it more affordable after banks backed away from funding new coal mines under pressure from investors worried about climate change.

It now plans to start by producing around 10 million tonnes a year, eventually ramping up to 27.5 million tonnes for the first stage of the project. Originally Adani planned to produce as much as 40 million tonnes a year.

The Queensland government’s “position has always been clear that the project needs to stack up environmentally,” Enoch said. “Environmental approvals are necessary for all major projects.”

The mine has come under heated opposition from environmental groups since it was mooted eight years ago. Its development would open up infrastructure to the basin that could be used by other miners such as iron ore billionaire Gina Rinehart for export.

The state’s Department for Environment and Science, which is regulating the project, said that two more approvals were required, one around a management plan for the endangered black-throated finch, and another to identify the source aquifer of ground water in the area.

“There is no statutory time frame for (the department) to assess and approve either plan,” it said.

The government is making a big push for electric vehicles. The growth forecast is high and the policy is clear. However, the uptake will depend on the ability of the state governments to create charging infrastructure. The policy field was cleared last year. The ministry of power clarified in Apr 2018 that charging stations do […]